Contour Enthusiasts Group Archives Forums General General Somebody talk me out of this! HELP!

Ah, the common misconception that you will save money by buying a new car...

I really think it is extremely unlikely that you will come out ahead finacially by spending $25,000 or whatever on another car. If you get say a 5 year loan you will be paying $5000 per year plus average of maybe about another $1000 per year in interest. If you keep the old car and spend even as much as $3000 per year repairing it you can save the other $15,000 toward your next car over that 5 year period.